Schaub gets $17.5 million to sign, $29.5 million over two years

Reuters

When the Texans announced after the season-opening win against the Dolphins that quarterback Matt Schaub has signed a new four-year contract extension, many (as in we) wondered whether and to what extent the Texans had protected themselves against Schaub’s actual or perceived propensity for injury.

The answer, apparently, is not much.

Per a source with knowledge of the deal, Schaub received $17.5 million to sign.  He’ll also receive a base salary of $4.4 million in 2012, a fully guaranteed base salary of $7.25 million in 2013, a base salary of $10 million in 2014, a base salary of $12.5 million in 2015, and a base salary of $14.5 million in 2016.

It works out to $66.15 million over five years.  With, as a practical matter, $29.15 million guaranteed.

Factoring in the $7.15 million base salary Schaub already was due to earn, it works out to $59 million in new money on the four new years of the deal, an average of $14.75 million per year.

The clearest protection against injury comes from $1 million per year in per-game roster bonuses, spread over 2014 through 2016.  That’s on top of the $59 million in new money, pushing it to a total of $62 million.

So it’s a two-year, $29.15 million deal, with a year-to-year option on the rest.